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Cogitore Resources Inc. Initiates 2008 Diamond Drilling Program on Estrades Project
TORONTO, Feb. 13 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO: TSX-V) is pleased to annou...
About this update from Copper Road Resources Inc
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 13 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO:\nTSX-V) is pleased to announce the commencement of its 2008 exploration\nprograms on the Estrades property and adjoining Caribou property in\nnorthwestern Quebec. The Company will be drilling on the 100% owned Estrades\nMining Lease as well as on adjacent claims that are subject to the Company's\nearn-in joint venture agreements with both Inmet Mining and IAMGOLD (the\n"Caribou claims").\n\n\nThe focus of the program at Estrades will be to follow up on the EME-07\ncopper zone discovered in 2007 (3.1% Cu over 4.4m, see May 8, 2007 press\nrelease) and also to explore the area east of hole EME-07, where favourable\nrhyolitic volcanic rock units thicken, suggesting proximity to a volcanic\nvent.\n\n\nA deep penetrating electromagnetic (InfiniTEM) survey will commence\nshortly at the Caribou claims immediately to the west of the Estrades mine.\nPotential conductors will be drilled as part of the current program. The\nEstrades drilling program will run concurrently with drilling on the Selbaie\nWest Property (see press release of February 7, 2008). With 3 drills currently\nin operation, the Company has now secured the drill rigs required to carry out\nover 35,000 metres of drilling on its various projects throughout 2008.\n\n\nWith respect to the on-going feasibility study at the Estrades mine\nproject, discussions are currently taking place with potential custom mills\nand smelters. The study is focusing on a portion of the Estrades Main Zone\nlocated above a depth of 415m and in which Scott Wilson RPA calculated\nresources of 390,000 tonnes grading 0.80% Cu, 11.03% Zn, 6.24 g/t Au and\n187.3 g/t Ag (see Technical Report on SEDAR). The study, initially expected to\nbe completed in 2007, was held up by a 3 month delay in the metallurgical\ntests at SGS Lakefield. The feasibility study and financial analysis of the\nproject will be completed as soon as smelter terms are obtained and a viable\ncustom milling option has been secured for the Estrades ore.\n\n\nWork is carried out by the personnel of Cogitore Resources Inc., under\nthe supervision of Gerald Riverin, PhD, P.Geo. He is a qualified person (as\ndefined by National Instrument 43-101) and has more than 30 years of\nexperience in VMS exploration.\n\n\nThe Company has developed a str...